Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: STB, AHT, MPWR

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tomorrow, Thursday, June 26, 2014, 4:00 AM ET, 121 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.1% to 40.3%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar.

Highlighted Stocks Going Ex-Dividend Tomorrow:

Student Transportation

Owners of Student Transportation (NASDAQ: STB) shares, as of market close today, will be eligible for a dividend of 4 cents per share. At a price of $6.58 as of 9:35 a.m. ET, the dividend yield is 7.6%.

The average volume for Student Transportation has been 94,300 shares per day over the past 30 days. Student Transportation has a market cap of $550.8 million and is part of the transportation industry. Shares are up 6.3% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Student Transportation Inc. provides school bus transportation services in North America. The company operates through two segments Transportation, and Oil and Gas. The Transportation segment provides school bus management services to public and private schools in North America. The company has a P/E ratio of 165.25.

TheStreet Ratings rates Student Transportation as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk. You can view the full Student Transportation Ratings Report now.

Ashford Hospitality

Owners of Ashford Hospitality (NYSE: AHT) shares, as of market close today, will be eligible for a dividend of 12 cents per share. At a price of $10.90 as of 9:35 a.m. ET, the dividend yield is 4.4%.

The average volume for Ashford Hospitality has been 818,500 shares per day over the past 30 days. Ashford Hospitality has a market cap of $962.2 million and is part of the real estate industry. Shares are up 31.3% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States.

TheStreet Ratings rates Ashford Hospitality as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Ashford Hospitality Ratings Report now.

Monolithic Power Systems

Owners of Monolithic Power Systems (NASDAQ: MPWR) shares, as of market close today, will be eligible for a dividend of 15 cents per share. At a price of $41.63 as of 9:35 a.m. ET, the dividend yield is 1.4%.

The average volume for Monolithic Power Systems has been 336,900 shares per day over the past 30 days. Monolithic Power Systems has a market cap of $1.6 billion and is part of the electronics industry. Shares are up 19.9% year-to-date as of the close of trading on Tuesday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Monolithic Power Systems, Inc., a fabless semiconductor company, designs, develops, and markets analog and mixed-signal semiconductors for storage and computing, consumer electronics, communications, and industrial/automotive markets. The company has a P/E ratio of 56.64.

TheStreet Ratings rates Monolithic Power Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Monolithic Power Systems Ratings Report now.

More About Dividends:

One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own.

Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms:

On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder-of-record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder-of-record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31).

The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder-of-record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.

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